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TLRY

Tilray

$49.24

-3.66 (-6.92%)

, APHA

Aphria

$8.60

-1.495 (-14.82%)

09:33
04/16/19
04/16
09:33
04/16/19
09:33

Use Aphria results as guide and short Tilray shares, says Vertical Group

Vertical Group analyst Gordon Johnson tells investors to use Aphria's (APHA) fiscal Q3 results as a guide and build a short position in Tilray (TLRY). The analyst last week initiated coverage of Tilray with a Sell rating and $8 year-end price target. Despite expectations for growth in Canadian sales due to the growth expectations for the recreational cannabis market, Aphria's kilograms sold fell 22.7% quarter-over-quarter in the quarter reported yesterday, Johnson tells investors in an email to clients. The analyst maintains his negative bias on Tilray following Aphia's results. Shares of Tilray are up 54c to $49.78 in early trading.

TLRY

Tilray

$49.24

-3.66 (-6.92%)

APHA

Aphria

$8.60

-1.495 (-14.82%)

TLRY Tilray
$49.24

-3.66 (-6.92%)

03/19/19
PIPR
03/19/19
NO CHANGE
Target $90
PIPR
Overweight
Piper maintains Overweight rating, $90 target on Tilray after Q4 results
After Tilray reported a Q4 EBITDA loss of ($17.8M), Piper Jaffray analyst Michael Lavery says he does not expect positive earnings in near-term, as the company will remain in investment mode to drive growth. The Canadian market may become profitable as it ramps up, contends the analyst, but he does not expect positive total company EBITDA over the next five-to-seven quarters. However, Lavery expects strong industry growth long-term, and believes Tilray is well positioned to be one of several likely winners. He maintains an Overweight rating on the shares with a $90 price target.
04/08/19
COWN
04/08/19
NO CHANGE
COWN
Cowen moderates near-term expectations for cannabis group on supply constraints
After hosting investor meetings with the management of Tilray (TLRY), Cowen analyst Vivien Azer said that Canada clearly remains supply constrained and that Tilray, with its asset-light approach, is overexposed to this supply tightness. Independent of commentary from the meetings with Tilray, Azer lowered her revenue estimates throughout her Canadian cannabis coverage as her current read suggests that Q1 growth will likely be modest. Despite her moderation of her near-term expectations, Azer keeps Outperform ratings on Aurora Cannabis (ACB), Canopy Growth (CGC) and Tilray (TLRY) and maintains a Market Perform rating on Cronos (CRON).
04/12/19
VERF
04/12/19
INITIATION
VERF
Sell
Tilray initiated with a Sell at Vertical Group
04/12/19
VERF
04/12/19
INITIATION
VERF
Sell
Vertical Group starts Tilray at Sell, sees 'best case' being 80% downside
Vertical Group analyst Gordon Johnson initiated Tilray with a Sell rating and $8 year-end price target, stating that he sees a "best case" being 80% downside as "reality sets in for 'weed' investors" during this year. Tilray shares trading in New York close yesterday at $53.52 and are down 4% in pre-market trading to $51.40.
APHA Aphria
$8.60

-1.495 (-14.82%)

02/14/19
COWN
02/14/19
NO CHANGE
COWN
SAFE Act should pass House, Senate path less clear, says Cowen
After the House Financial Services financial institutions subcommittee held a hearing on legislation that would permit banks to provide service to cannabis companies that are in compliance with state law, Cowen analyst Jaret Seiberg said he believes the hearing went well enough for the SAFE Act to pass the committee and the full House later this year. However, the path forward in the Senate is "less clear," said Seiberg. The analyst, whose base call remains that the House passes the SAFE Act and other cannabis laws and that the Senate then pushes through a package before the end of the 116th Congress, expects "positive news by the end of 2020 for cannabis companies," he tells investors. Publicly traded companies in the cannabis space include Aphria (APHA), Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC), MediPharm Labs (MLCPF) and Tilray (TLRY).
02/21/19
GHSC
02/21/19
INITIATION
Target $18
GHSC
Buy
Aphria initiated with a Buy at Seaport Global
Seaport Global analyst Brett Hundley initiated Aphria with a Buy rating and $18 price target, citing its positioning as a low-cost Canadian licensed producer and its move to establish broad-based international relationships.
02/21/19
02/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. At Home Group (HOME) initiated with a Hold at Loop Capital. 2. Harmonic (HLIT) initiated with a Buy at Stifel. 3. Atkore (ATKR) initiated with a Neutral at Credit Suisse. 4. BioTime (BTX) and Verrica Pharmaceuticals (VRCA) were initiated with a Buy at H.C. Wainwright. 5. Aphria (APHA), KushCo Holdings (KSHB), and HEXO Corp (HEXO) were initiated with a Buy at Seaport Global, while Canopy Growth (CGC), Aurora Cannabis (ACB), and Tilray (TLRY) were initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/14/19
COWN
03/14/19
NO CHANGE
COWN
Narrow U.S. cannabis bills have better prospects than broad ones, says Cowen
Cowen analyst Jaret Seiberg said it is hard for him to see a scenario in the 116th Congress in which Senate Majority Leader Mitch McConnell holds a vote on legislation to fully legalize cannabis, as too many senators see no political upside for McConnell to schedule such a vote. Given this view, Seiberg believes that prospects are better for narrower bills that could get attached to spending packages and other measures than for broader bills that would legalize recreational use. Of the narrower bills introduced in the U.S. so far, Seiberg believes the SAFE Act on cannabis banking has the best shot before the 2020 election. Publicly traded companies in the cannabis space include Aphria (APHA), Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC), MediPharm Labs (MLCPF) and Tilray (TLRY).

TODAY'S FREE FLY STORIES

SQM

SQM

$37.08

-0.99 (-2.60%)

21:36
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04/22
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21:36
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NEE

NextEra Energy

$190.53

1.21 (0.64%)

, UTX

United Technologies

$136.99

-0.01 (-0.01%)

20:25
04/22/19
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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NEE

NextEra Energy

$190.53

1.21 (0.64%)

UTX

United Technologies

$136.99

-0.01 (-0.01%)

KO

Coca-Cola

$47.38

-0.11 (-0.23%)

VZ

Verizon

$58.38

0.33 (0.57%)

PG

Procter & Gamble

$106.04

-0.01 (-0.01%)

LMT

Lockheed Martin

$315.24

0.94 (0.30%)

SHW

Sherwin-Williams

$451.83

-0.61 (-0.13%)

TWTR

Twitter

$34.39

-0.01 (-0.03%)

STT

State Street

$69.92

-0.02 (-0.03%)

CNC

Centene

$48.19

0.04 (0.08%)

FITB

Fifth Third

$27.54

0.02 (0.07%)

NUE

Nucor

$57.00

-0.49 (-0.85%)

DGX

Quest Diagnostics

$85.17

-0.55 (-0.64%)

HAS

Hasbro

$88.02

-0.72 (-0.81%)

HOG

Harley-Davidson

$39.71

-1.2 (-2.93%)

PII

Polaris Industries

$98.93

0.185 (0.19%)

JBLU

JetBlue

$16.84

-0.13 (-0.77%)

GPK

Graphic Packaging

$12.98

0.035 (0.27%)

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LOGC

LogicBio Therapeutics

$12.28

0.15 (1.24%)

20:16
04/22/19
04/22
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20:16
Hot Stocks
LogicBio Therapeutics' methylmalonic acidemia treatment gets FDA orphan status »

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RBB

RBB Bancorp

$19.18

-0.61 (-3.08%)

19:38
04/22/19
04/22
19:38
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19:38
Earnings
RBB Bancorp reports Q1 EPS 51c, consensus 55c »

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  • 23

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BEN

Franklin Resources

$35.04

-0.27 (-0.76%)

19:09
04/22/19
04/22
19:09
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19:09
Periodicals
Franklin Resources to reduce workforce by up to 5%, Bloomberg says »

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TSLA

Tesla

$262.90

-10.35 (-3.79%)

18:59
04/22/19
04/22
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18:59
Periodicals
Consumer Reports: Tesla 'Autopilot' is no substitute for a human driver »

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    Apr

CMRE

Costamare

$5.65

-0.09 (-1.57%)

, WHR

Whirlpool

$139.39

0.35 (0.25%)

18:56
04/22/19
04/22
18:56
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18:56
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

CMRE

Costamare

$5.65

-0.09 (-1.57%)

WHR

Whirlpool

$139.39

0.35 (0.25%)

CDNS

Cadence Design

$64.23

0.87 (1.37%)

BEDU

Bright Scholar

$11.38

-0.105 (-0.91%)

RRC

Range Resources

$9.83

0.07 (0.72%)

WAL

Western Alliance

$43.36

-0.89 (-2.01%)

ALDR

Alder Biopharmaceuticals

$12.77

0.1 (0.79%)

ROKU

Roku

$58.19

1.5 (2.65%)

VCYT

Veracyte

$23.04

0.02 (0.09%)

HARP

Harpoon Therapeutics

$11.35

-1.68 (-12.89%)

RMBS

Rambus

$11.80

-0.1 (-0.84%)

GRTS

Gritstone Oncology

$14.57

0.86 (6.27%)

GES

Guess

$16.66

-0.41 (-2.40%)

BHP

BHP Group

$55.14

0.19 (0.35%)

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PCG

PG&E

$21.45

0.435 (2.07%)

18:52
04/22/19
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18:52
Hot Stocks
PG&E submits updated financing proposal for safety, reliability investments »

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General news
Treasury Closing Summary: »

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PCG

PG&E

$21.45

0.435 (2.07%)

18:39
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Hot Stocks
PG&E names Fred Buckman to board, expands board to 15 directors »

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AAPL

Apple

$204.62

0.79 (0.39%)

18:36
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Periodicals
Apple sued for $1B by teen claiming glitch in facial recognition software »

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GOOG

Alphabet

$1,248.96

11.74 (0.95%)

, GOOGL

Alphabet Class A

$1,253.94

12.01 (0.97%)

18:36
04/22/19
04/22
18:36
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18:36
Periodicals
Google walkout organizers say company retaliated against them, Wired says »

Two employee activists at…

GOOG

Alphabet

$1,248.96

11.74 (0.95%)

GOOGL

Alphabet Class A

$1,253.94

12.01 (0.97%)

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CTRA

Contura Energy

$56.27

0.5 (0.90%)

18:16
04/22/19
04/22
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18:16
Hot Stocks
Contura Energy announces departure of CEO Kevin Crutchfield »

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  • 01

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BWEN

Broadwind Energy

$1.88

0.06 (3.30%)

18:04
04/22/19
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18:04
Hot Stocks
Broadwind Energy announces $19.5M tower order »

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HLX

Helix Energy

$8.59

0.2 (2.38%)

18:04
04/22/19
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18:04
Earnings
Helix Energy reports Q1 adjusted EPS 1c, consensus 0c »

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VBTX

Veritex

$25.92

-0.3 (-1.14%)

18:03
04/22/19
04/22
18:03
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18:03
Earnings
Veritex reports Q1 diluted operating EPS 59c, consensus 55c »

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BCS

Barclays

$8.70

-0.05 (-0.57%)

18:00
04/22/19
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18:00
Periodicals
Barclays planning to slash bonuses for investment bankers, FT says »

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NVDA

Nvidia

$188.48

2.22 (1.19%)

, TSLA

Tesla

$262.90

-10.35 (-3.79%)

17:53
04/22/19
04/22
17:53
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17:53
Periodicals
Nvidia calls Tesla claims on self-driving 'inaccurate', MarketWatch says »

Tesla (TSLA) claims that…

NVDA

Nvidia

$188.48

2.22 (1.19%)

TSLA

Tesla

$262.90

-10.35 (-3.79%)

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EFSC

Enterprise Financial

$42.49

-1.4 (-3.19%)

17:47
04/22/19
04/22
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17:47
Hot Stocks
Enterprise Financial board raised dividend to 15c per share »

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EFSC

Enterprise Financial

$42.49

-1.4 (-3.19%)

17:46
04/22/19
04/22
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04/22/19
17:46
Earnings
Enterprise Financial reports Q1 EPS 67c, consensus 91c »

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17:45
04/22/19
04/22
17:45
04/22/19
17:45
General news
U.S. tax refunds »

U.S. tax refunds are on…

BPRN

Bank of Princeton

$32.30

(0.00%)

17:43
04/22/19
04/22
17:43
04/22/19
17:43
Earnings
Bank of Princeton reports Q1 EPS 3c, may not compare to consensus 53c »

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  • 08

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LENS

Presbia

$0.56

-0.0034 (-0.61%)

17:29
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04/22
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17:29
Hot Stocks
Presbia discloses staff reduction, search for investor or strategic partner »

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WAL

Western Alliance

$43.36

-0.89 (-2.01%)

17:23
04/22/19
04/22
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17:23
Earnings
Western Alliance reports Q1 adjusted EPS $1.16, consensus $1.09 »

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  • 23

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FCF

First Commonwealth

$13.26

-0.22 (-1.63%)

, SAN

Banco Santander

$5.12

-0.015 (-0.29%)

17:21
04/22/19
04/22
17:21
04/22/19
17:21
Hot Stocks
First Commonwealth to acquire 14 branches from Santander »

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FCF

First Commonwealth

$13.26

-0.22 (-1.63%)

SAN

Banco Santander

$5.12

-0.015 (-0.29%)

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